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, recessions generate long-lasting hysteresis: persistent decreases in the employment-to-population ratio and earnings per capita …. Changes in the composition of workers explain less than half of local hysteresis. We further show that finite sample bias in … hysteresis in employment rates. …
Persistent link: https://www.econbiz.de/10012214828
This paper studies how government transfers respond to changes in local economic activity that emerge during recessions …. Local labor markets that experience greater employment losses during recessions face persistent relative decreases in …
Persistent link: https://www.econbiz.de/10012816440
Persistent link: https://www.econbiz.de/10013174275
We use OECD-PIAAC data to estimate the earnings effects of both years of education and of numerical skills. Our identification strategy exploits differential exposure to educational reforms across birth cohorts and countries. We find that education has the strongest earnings effect. A one...
Persistent link: https://www.econbiz.de/10011776249
Drawing on the Panel Study of Income Dynamics, we document a startling empirical pattern: the career earnings premium from a four-year college degree (relative to a high school diploma) for persons from low-income backgrounds is considerably less than it is for those from higher-income...
Persistent link: https://www.econbiz.de/10011806297
This paper examines the influence of educational mismatch on wages according to workers' region of birth, taking advantage of our access to rich matched employer-employee data for the Belgian private sector for the period 1999-2010. Using a fine-grained approach to measuring educational mismatch...
Persistent link: https://www.econbiz.de/10012670643
Using administrative data, I track the path of all the secondary school graduates in Colombia from 2002 to 2012 that enter higher education and/or the formal labor market (5.4 million graduates). I compare graduates within the same secondary school and cohorts to estimate the premium of higher...
Persistent link: https://www.econbiz.de/10012314533
A commonly held perception is that an elite graduate degree can "scrub" a less prestigious but less costly undergraduate degree. Using data from the National Survey of College Graduates from 2003 through 2017, this paper examines the relationship between the status of undergraduate degrees and...
Persistent link: https://www.econbiz.de/10012116308
We conduct an empirical simulation exercise that gauges the plausible impact of increased rates of college attainment on a variety of measures of income inequality and economic insecurity. Using two different methodological approaches-a distributional approach and a causal parameter approach-we...
Persistent link: https://www.econbiz.de/10012161547
In light of population ageing, globalisation, automation, and the effects of the COVID-19 pandemic, Thailand’s labour market is being significantly reshaped, and so are the skills required for higher employability. This paper analyses the capacity of Thailand’s education and training system...
Persistent link: https://www.econbiz.de/10012421216